Re:Early Remote Work Impacts on Family Formation
by kodah on Thursday March 30, 2023 @06:15PM
(#35379550)
> But, it's certainly available to just about any white-collar couple in the area.
That qualifies as one of the things that I described as a privilege. Making the assumption that two white collar people are married isn't great.
Also, frankly, if you bought in 2004 then you were part of an explosion of equity nation wide. People who are initially buying in in the twenty teens are in a very different market.
I do agree that SV isn't typical, but I wouldn't say that's a reason to write off what I said.
No trust fund here. Parents are immigrants from a farming community in Scotland. I won't deny being more privileged than many, but my socio-economic background was typical professional middle-class (dad=engineer, mom=teacher, own their home, valued education, etc).
I live in the heart or Reston VA, work for a reasonably well-known (but not FAANG) company, and bought a typical 4 bed SFH when I was 26 for well under $400 (back in 2004). When my son moved out (2017), we sold that and bought a smaller TH closer to work for under $500 (which is now worth low-$600s). Sure, it's not the latest McMansion and I don't have a garage, but it's more than adequate.
Is that option available to an hourly retail employee? No, probably not. But, it's certainly available to just about any white-collar couple in the area.